A STAY-AT-HOME mum has revealed that she makes £10,000 a month from a side hustle that costs nothing to set up.
Rachelle shared details of her money making hack via a video posted to her TikTok channel.
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She said that she makes her money from just one item, never has to show her face, and never has to spend a penny on materials.
Rachelle revealed that her side hustle is selling Tshirts, that she makes on Printify.
Explaining how to do this, she said that first, you need to create a design for the t-shirts, by either drawing the design yourself, or purchasing a design online for a small fee.
Then, head to free graphic design website Canva, and attach your design onto a stock image of a person wearing a plain t-shirt.
You then have to create an Etsy account, and upload your Canva mock ups to the site.
Then, you connect your Etsy site to t-shirt printing service Printify, and set it up so that every time someone purchases a t-shirt with your design on it from Etsy, Printify will print the shirt and send it to them.
This way, Rachelle can sit back and relax, whilst the cash rolls in.
The mum revealed that she also makes money from a number of other side hustles, such as affiliate marketing.
Affiliate marketing is promoting other people’s products online.
To do this, you simply need to direct people through your social media channels to click on links to buy the products you are promoting.
You are then paid on commission for every person that buys something after clicking on your link.
TikTok users were very impressed with Rachelle’s tips, and raced to the video’s comments section to share their thoughts.
One person said: “No way”.
Do I need to pay tax on my side hustle income?
MANY people feeling strapped for cash are boosting their bank balance with a side hustle.
The good news is, there are plenty of simple ways to earn some additional income – but you need to know the rules.
When you’re employed the company you work for takes the tax from your earnings and pays HMRC so you don’t have to.
But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves.
Stephen Moor, head of employment at law firm Ashfords, said: “Caution should be taken if you’re earning an additional income, as this is likely to be taxable.
“The side hustle could be treated as taxable trading income, which can include providing services or selling products.”
You can make profit of up to £1,000 a year tax-free via the trading allowance, but over this and you’ll usually need to pay tax.
Stephen added: “You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax.
“The applicable tax bands and the amount of tax you need to pay will depend on your income.”
If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe – plus extra fees on top.
Another person said: “I want to know how”.
A third said: “I love you”.
A fourth said: “I want to know how!”
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